CGS : Outlook for Feb 21st

CGS has been a difficult trade for quite some time, but last week there were a few signs of some institutional buying, albeit not exactly of trend changing proportions.

The counter has key support 0.82 – last week’s low, which was last tested in August 2010. As long as it holds there will be some chance of a bounce to 0.87-0.88. If however 0.82 fails there is little to stem a fall until 0.78, with lower supports seen at 0.73-0.74

Consider a very speculative punt with limited exposure from 0.83, with a target at 0.87-0.88 and a tight stop at 0.81

CAT builds new submarine cable system, APG, supporting super high-speed data capacity as global content businesses are coming to Asia to build business foothold, resulting in constant high traffic. Demand of international bandwidth for Thailand in the next 3 years is expected to increase by 6 times. CAT Internet Gateway is also revealed to be the first in Th […]

The Stock Exchange of Thailand main index went up 1.88 points or 0.12% to close at 1,527.29 points at the end of trading session this morning. The trade value was 22.39 billion baht, with 5.34 billion shares traded.

Caracas: With the value of Venezuela's largest banknotes reduced to a few US cents by triple-digit inflation and the currency's collapse on the black market, the country's central bank said it would begin circulating higher-denomination notes this month.

NEW YORK: Starbucks Corp, looking to the future as its longtime chief executive officer moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50%.